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Clic HH bracelet from Hermes. You can get a similar one too (or he can buy you one too later 🤪) for his and hers.
I love giving Hermes ties. They’re relatively “cheap” compared to other brands.
A Ferragamo belt
A wallet or cologne? Probably depends on the person but my bf would not care about a designer bracelet
Love the LV epi leather wallet (a bit over budget- $620)
https://us.louisvuitton.com/eng-us/products/multiple-wallet-epi-008217/M60662?utm_medium=organic&utm_source=google&utm_campaign=freeshopping#M60662
Goyard card case
If he’s really into brands then a belt, wallet, or bracelet would be good but at $500 *most* of the luxury brands are probably selling you something pretty cheap and small with a logo slapped on. If it were me I would probably want a Hamilton or a Tissot watch. Pretty historic brands that make watches that will last and look good pretty much for a lifetime. Alternatively, niche/custom cologne, rare scotch, or expensive electronics like headphones or speakers.
Depending on what your bf likes, but I would say cologne or a belt. Men wear belts and cologne more than anything and most people don’t know that you can get refills for certain fragrances at the designer stores or store of purchase.
If you’re thinking of a bracelet.. try the Cartier trinity bracelet. It’s the silk cord one. You can go and change the colors at the boutique as many times as you want too. It’s 750